The retail life cycle of which of the following took the longest to reach market maturity?

Question

Quizplus · Accepted Answer

Department stores took the longest to reach market maturity. While the first department store opened in the mid-19th century, it took several decades for the concept to become widespread and for department stores to establish themselves as a dominant retail format. In contrast, mass-merchandisers, supermarkets, and fast-food outlets all achieved market maturity relatively quickly once introduced. Variety stores, while popular in the mid-20th century, have since declined in relevance.

The Retail Life Cycle of Which of the Following Took